Wells Fargo raised the firm’s price target on Commercial Metals (CMC) to $80 from $79 and keeps an Overweight rating on the shares. The firm raises benchmark steel price forecasts to assume a higher value from sticky tariffs through Trump’s administration.
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Read More on CMC:
- Commercial Metals shareholders back board, auditors and pay
- Commercial Metals price target raised to $85 from $65 at Citi
- Commercial Metals price target raised to $85 from $68 at Morgan Stanley
- Commercial Metals Company: Strong North American Performance and Precast Expansion Support Buy Rating
- Commercial Metals Posts Powerful Earnings Turnaround and Expansion
